EVLI broker Accounts

evli Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

evli Account Types Explained

Evli offers a variety of account types tailored to different trading needs and preferences. Below is an overview of the available account types, including their key features, minimum deposit requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: €500
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:30
• Key Features: Access to a wide range of trading instruments, including forex, stocks, and commodities.
• Target User Profile: Beginner to intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

2. ECN Account

• Minimum Deposit Requirement: €1,000
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of €3 per lot.
• Leverage Options: Up to 1:100
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: €5,000
• Spread/Commission Structure: Competitive spreads with lower commissions.
• Leverage Options: Up to 1:200
• Key Features: Enhanced trading conditions, priority support, and advanced trading tools.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: €1,000
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the choice.
• Leverage Options: Up to 1:30
• Key Features: Swap-free trading in compliance with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically €10,000)
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:30
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and those looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account
• Intermediate Traders: Standard Account or ECN Account
• Advanced Traders: ECN Account or Pro Account
• Professional Traders: Pro Account
• Muslim Traders: Islamic Account

Detailed evli Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: €500

• ECN: €1,000

• Pro: €5,000

• Islamic: €1,000

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:30

• ECN: Up to 1:100

• Pro: Up to 1:200

• Islamic: Up to 1:30

• Demo: Up to 1:30

• Spreads:

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: Competitive spreads

• Islamic: Variable spreads

• Demo: Similar to live accounts

• Commission Fees:

• Standard: None

• ECN: €3 per lot

• Pro: Lower commissions

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Standard lots

• ECN: Micro, Mini, Standard

• Pro: Standard lots

• Islamic: Standard lots

• Demo: Standard lots

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Yes for Islamic Account

• Demo Account Features: Available for all account types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to multiple instruments

• No commission fees

• ECN Account:

• Tight spreads

• Fast execution speeds

• Ideal for scalping strategies

• Direct market access

• Pro Account:

• Advanced trading tools

• Lower trading costs

• Priority customer support

• Suitable for high-volume trading

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Similar trading conditions to Standard or ECN accounts

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may apply

• Pro Account:

• High minimum deposit requirement

• More suited for experienced traders

• Islamic Account:

• Limited availability of certain features

• May have higher spreads

• Demo Account:

• No real money trading

• Limited time for practice

evli Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but restrictions may apply based on local regulations.
• Prohibited Countries: Specific countries may be restricted; check the evli website for the latest updates.
• Identity Verification Documents Needed: Valid government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Evli adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and source of funds.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step evli Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the official evli website and select "Open an Account."
2. Personal Information Entry: Fill in personal details such as name, address, and contact information.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your account using the available payment methods.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Clients can request to upgrade or downgrade their account type through the client portal or by contacting customer support.

evli Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without financial risk, providing access to all trading instruments and features.

How to Open a Demo Account

• Visit the evli website and select the option to open a demo account. Follow the registration steps similar to opening a live account.

Demo Account Limitations

• Demo accounts may have time limits or restrictions on certain features compared to live accounts.

Virtual Balance Amount

• Typically, demo accounts are provided with a virtual balance of €10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money trading, while live accounts require a minimum deposit and involve actual financial transactions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, but may be extended by request.

evli Islamic Account Details

Swap-Free/Islamic Account Availability

• Evli offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Clients must indicate their request for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Clients can apply for an Islamic account during the account opening process by selecting the appropriate option.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as higher spreads or limited access to certain instruments.

FAQs – evli Account Types & Opening

1. What account types does evli offer？

• Evli offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: €500, ECN: €1,000, Pro: €5,000, Islamic: €1,000, Demo: Virtual balance.

1. How long does evli account verification take？

• Account verification typically takes 1-3 business days.

1. Does evli offer demo accounts？

• Yes, evli offers demo accounts for practice trading.

1. Can I have multiple account types with evli？

• Yes, clients can have multiple account types.

1. Does evli offer Islamic/swap-free accounts？

• Yes, evli offers Islamic accounts that are swap-free.

1. What documents do I need to open an evli account？

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.